labour intensive means use of manpower in production with little of technology while capital intensive means use of technology in production of a unit of output labour intensive means use of manpower in production with little of technology while capital intensive means use of technology in production of a unit of output
Size of the business
Capital-intensive products, such as cars and trucks, heavy construction equipment, and industrial machinery, are produced by nations that have a highly developed industrial base. Japan is an example
One of the main features of mass production is the firm being highly mechanized (capital intensive), rather than the use of manual labour (labour intensive). Specialization is also another feature of mas production. make it easier to understand
Both
labour intensive means use of manpower in production with little of technology while capital intensive means use of technology in production of a unit of output labour intensive means use of manpower in production with little of technology while capital intensive means use of technology in production of a unit of output
By way of an example: Digging holes can be labor or capital intensive. You can use 1000 workers with cheap shovels (labor intensive) or 1 worker with an expensive "steam shovel" (capital intensive). Some things cannot be done either way like picking strawberries (labor intensive) or manufacturing microcircuits (capital intensive).
Size of the business
Capital-intensive products, such as cars and trucks, heavy construction equipment, and industrial machinery, are produced by nations that have a highly developed industrial base. Japan is an example
distinguish between temporary and permanent working capital?
It is possible for competition to force competitors into capital intensive production in order to compete. When a firm does this, they can gain a competitive edge over others in the industry and get more customers because their competition will have to charge more to cover the expenses.
One of the main features of mass production is the firm being highly mechanized (capital intensive), rather than the use of manual labour (labour intensive). Specialization is also another feature of mas production. make it easier to understand
intensive farming is intense. It uses heavy loads of capital, work, and usual lots of pesticides and chemicals. Commercial farming is kind of the same thing its just large scale production of crops. If that makes any sense?
Owning a feed mill is a capital-intensive operation
Both
Assuming that both are available to do a production task, using labor allows the business to be more flexible to varying demands. An example is seasonal production such as farming. The farm owner can scale the amount of workers hired to fit the work available.
Hog production was rapidly becoming less labor-intensive and more capital-intensive, a condition that had not been problematic for corporate outfits able to bring significant resources to bear.